With low exchange fees. Okex Okx … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It also offers exceptionally high yields in some cases when taking part in staking or conserving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may qualify for discounts.
One huge disadvantage of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you mistakenly send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not usually face with traditional banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of client possessions. It also has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished to buy apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re selling our position which we wish to take earnings at this level what we want to do is discover the distinction between these worths and that’s going to provide us.057 then we’re going to take the dollar amount risk we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okex Okx
difference between the entry and the stop all right which’s going to give us the amount of tokens that we need to buy in order to run the risk of only ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity okay so that suggests that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and increase it by the entry cost which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have 10 thousand dollars to use all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account that makes it difficult all right so let’s visit buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open up our take advantage of all right and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is altering nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars per week we’re picking 3 winners a week alright we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the guidelines that I would suggest using when growing a small account okay so the very first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 up to 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a bit bigger the third thing and this is super important is everybody has a psychological threshold when it pertains to just how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades and that’s something that you really wish to prevent until you come comfortable doing that fine so say you work your method as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade pick that fixed amount when you want to maintain your capital and simply choose a goal each day on
the cash that you want to make as soon as you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to five thousand dollars per week so I’m utilizing you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand shot to make three to 5 thousand per trade and try to double my earnings all right so let’s enter into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai okay however what I wish to do is discover a location where I have actually a freshly established uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
very first pullback is two biggest waves up to three pullback is four and after that the high is 5 and the method we can look for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find my element of one and you can see the rate action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our cost action boils down through